Taxing the Rich or the Poor?

Supply-siders say the wealthy carry more of the load than before

Democratic presidential candidates have repeatedly charged that Reaganomics is a windfall for the wealthy. Jesse Jackson called the President's program a "reverse Robin Hood process, taking from the poor and giving to the rich." Walter Mondale said that the Reagan Administration was "of the rich, by the rich and for the rich." The Democrats received some ammunition this month from the nonpartisan Congressional Budget Office in a report that compared the size of tax cuts gained by different income groups. From 1983 through 1985,...

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